Daria's property is damaged in a fire. She claims the property damage amounted to $10,000, and the insurer claims it only amounted to $5,000. Which of the following is true in this situation?
A. Daria should file for a field evaluation.
B. Daria should demand an appraisal under her policy's appraisal clause.
C. Daria has no alternative because she must accept the insurer's valuation.
D. Daria should call the state inspector who investigates and makes rulings in such cases.
E. The insurer is required to accept Daria's valuation unless the insurer can establish that the insured failed to act in good faith.
Answer: B
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a. current ratio b. debt-to-equity ratio c. debt service coverage ratio d. acid-test ratio
Exhibit 13-1 On January 1, 2017, Oak Corporation paid $900,000 for 87,500 shares of Beech Company's common stock, which represents 35% of Beech's outstanding common stock. Beech reported income of $300,000 and paid a cash dividend of $100,000 during 2017. ? Refer to Exhibit 13-1. Oak should report income from the investment in Beech Company for 2017 of
A) $70,000. B) $140,000. C) $105,000. D) $300,000.
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Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
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